48 EAST AVE 2010 78701
| Owner | MEHTA SAYALEE SANJEEV |
|---|---|
| Parcel ID | 0203032917 |
| Short ID | 958625 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,277 SF |
| Land SF | 107 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2010 0.5967%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $73,103 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $73,103 |
| Improvement | $991,952 |
|---|---|
| Total Improvement | $991,952 |
| Market | $1,065,055 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,065,055 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,065,055 |
| Taxable Value | $1,065,055 |
|---|
Appreciation: Market value has risen +367.4% from $227,858 (2023) to $1,065,055 (2025), a CAGR of 116.2% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +0.2%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $21,796. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 7% of market value ($73,103 land vs $991,952 improvements), about $683/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,065,055, this parcel sits in the lower-middle (25th–50th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +116.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $50,308,506 by 2030, with an estimated annual tax burden around $32,311. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,277 SF | ✓ |
Market value changed by 481% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $9,853.89 | $9,853.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,581.07 | $5,581.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,002.96 | $4,002.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,257.01 | $1,257.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,101.27 | $1,101.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,796.20 | $21,796.20 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,129,665 | $1,065,055 | +6.1% |
| Assessed Value | $1,129,665 | $1,065,055 | +6.1% |
| Land Value | $93,721 | $73,103 | +28.2% |
| Improvement Value | $1,035,944 | $991,952 | +4.4% |
| Taxable Value | $1,129,665 | $1,065,055 | +6.1% |
| Total Tax 2026 = estimate |
~$23,118
Estimated
|
~$21,796
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,129,665 | $1,129,665 | +0 (+0.0%) |
| Taxable Value | $1,129,665 | $1,129,665 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,129,665 | $93,721 | $1,035,944 | — | $1,129,665 | $1,129,665 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,065,055 | $73,103 | $991,952 | — | $1,065,055 | $1,065,055 | ~$21,796 | Partial |
| 2024 | $1,324,824 | — | — | −$1,251,721 | $73,103 | $— | $21,107 | Verified |
| 2023 | $227,858 | — | — | −$154,755 | $73,103 | $— | $23,969 | Verified |
| 2022 | $— | — | — | — | $53,245 | $— | $4,500 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.1% | +6.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -19.6% | -19.6% | ~100% | 1.9800% | Verified |
| 2023 | +481.4% ! | +481.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +367.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.1% | +156.0% | +113.7% | +481.4% | 2024 | -19.6% | 2025 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.5% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$21,796 | $22,291 | ~$27,790 | $23,969 | 2023 | $21,107 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,302,639 | ~$1,171,560 | ~2.0139% | ~$23,594 | +116.2% |
| 2027 | ~$4,978,285 | ~$1,288,717 | ~1.9814% | ~$25,534 | +367.4% |
| 2028 | ~$10,763,008 | ~$1,417,588 | ~1.9488% | ~$27,627 | +910.6% |
| 2029 | ~$23,269,526 | ~$1,559,347 | ~1.9163% | ~$29,882 | +2084.8% |
| 2030 | ~$50,308,506 | ~$1,715,282 | ~1.8837% | ~$32,311 | +4623.6% |
| 2026 | ~$2,281,338 | ~$1,171,560 | ~2.0465% | ~$23,976 | +114.2% |
| 2027 | ~$4,886,606 | ~$1,288,717 | ~2.0465% | ~$26,373 | +358.8% |
| 2028 | ~$10,467,066 | ~$1,417,588 | ~2.0465% | ~$29,011 | +882.8% |
| 2029 | ~$22,420,360 | ~$1,559,347 | ~2.0465% | ~$31,912 | +2005.1% |
| 2030 | ~$48,024,209 | ~$1,715,282 | ~2.0465% | ~$35,103 | +4409.1% |
| 2026 | ~$2,323,940 | ~$1,171,560 | ~1.9977% | ~$23,404 | +118.2% |
| 2027 | ~$5,070,817 | ~$1,288,717 | ~1.9488% | ~$25,115 | +376.1% |
| 2028 | ~$11,064,477 | ~$1,417,588 | ~1.9000% | ~$26,934 | +938.9% |
| 2029 | ~$24,142,589 | ~$1,559,347 | ~1.8512% | ~$28,867 | +2166.8% |
| 2030 | ~$52,678,911 | ~$1,715,282 | ~1.8024% | ~$30,916 | +4846.1% |
In 2025, this property's market value of $1,065,055 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -25% below the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $1,065,055 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,324,824 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $227,858 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.